Anti-Money Laundering (AML) Specialist

Job Role - Anti-Money Laundering (AML) Specialist

Experience - 3-8 years

Location - New Delhi

Key Responsibilities:

AML Compliance Program Management :

• Develop, implement, and enhance AML policies, procedures, and controls in line with local and international regulatory requirements.
• Monitor and assess compliance risks, updating the program as necessary.

Transaction Monitoring and Investigation :

• Review and analyze transactions to identify unusual or suspicious activity.
• Investigate alerts generated by monitoring systems, documenting findings, and escalating cases as appropriate.

Regulatory Reporting :

• Prepare and file Suspicious Activity Reports (SARs), Currency Transaction Reports (CTRs), and other mandatory filings within required timelines.
• Maintain accurate records of all regulatory submissions and audit trails.

Risk Assessment and Analysis :

• Conduct AML risk assessments for new and existing clients.
• Assist in identifying high-risk customers and ensuring enhanced due diligence (EDD) is conducted.

Training and Awareness :

• Provide AML training and guidance to employees across departments.
• Stay updated on emerging AML trends, regulatory changes, and enforcement actions.

Collaboration and Reporting :

• Work closely with compliance officers, auditors, and regulators to address inquiries and provide necessary documentation.